Fundamental analysis for May 03, 2016

May 3, 2016

The dollar fell from eight-month lows against the other major currencies. The dollar was under pressure after the political decisions of the Bank of Japan and the Federal Reserve System. The event calendar was empty yesterday amid the Labor Day celebration. According to William Dudley (the New York Fed Governor) the Fed should have more powers to provide emergency financial support for investment firms in case of liquidity problems.

The EUR/USD set new session highs after Manufacturing PMI report in the Eurozone and Germany. The Manufacturing PMI in the Eurozone came in at 51.7. Manufacturing PMI in Germany showed 51.8. Mario Draghi gave a speech at the Asian Development Bank conference in Asia. According to him there is no alternative to the soft monetary policy until we see positive prospects of the world economy.

In Britain, the markets did not work amid Early May celebration.

On Monday, the yen rose to new 18-month highs. The dollar fell when the market found out that the Japanese regulator would not intervene the foreign exchange market to weaken the national currency. Nikkei Manufacturing PMI came in at 48.2 versus the previous value of 48.0.

Publication source
Fort Financial Services information  Fort Financial Services reviews

September 23, 2016
The dollar has firmer back some following yesterday underperformance
Revealed weak August data for existing home sales and leading indicators, but a tight initial claims report for the BLS survey week of September that left mixed signals that were positive on net, with aid from a 0.5% July rise in the FHFA home price index...
September 23, 2016
Dollar Saw Recovering After Seeking Support At 95.00
The US dollar trimmed its losses yesterday after a brief test to the 95.00 support in the US dollar index saw prices closing higher. Price action continues to remain range bound with no evidence of trends being established just as yet...
September 23, 2016
GBPUSD recovery pauses after Boris Johnson headlines
After recovering ground following a return to levels not seen in over a month below 1.29, the bounce in the GBPUSD appears to have lost momentum at the conclusion of the week following headlines being made by UK Foreign Secretary Boris Johnson that the process of leaving the European Union does not need to take two years once Article 50 is invoked...

OctaFX Rating
FBS Rating
HotForex Rating
FIBO Group Rating
Grand Capital Rating
FXTM Rating

OptionRally Rating
Beeoptions Rating
Empire Option Rating
OptionFair Rating
OptionBit Rating
OptionsXO Rating